119th Congress
H.R. 505
To impose additional duties on imports of goods into the United States.
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Jared F. Golden(D-ME)
- Introduced
- Jan 16, 2025
- Policy area
- Foreign Trade and International Finance
- Committees
- House Committee on Ways and Means
- Official text
- Introduced in House · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
This bill directs the President to impose additional duties (i.e., tariffs) on all imports entering the United States.
Specifically, the President must impose an additional 10% duty on all imports entering the United States.
Additionally, the bill directs the President to increase this duty on imported goods by an additional 5% if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year. If the United States has a balance or surplus in the trade of goods and services, then the President must decrease the duty by 5% (except the imposed duty shall not be reduced below $0).
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 16, 2025 · House
Referred to the House Committee on Ways and Means. - Jan 16, 2025
Introduced in House